Plan Ledger DOL Form 5500 · updated monthly

Science Museum of Minnesota403(b)

403(B) THRIFT PLAN FOR EMPLOYEES OF THE SCIENCE MUSEUM OF MINNESOTA · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.00%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Science Museum of Minnesota reported $1,957 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,129 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.004%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 486th-largest of 1,918 plans among Minnesota employers on file, and the 417th of 3,341 in other services. In 2024, employees put in $2.80 for every $1.00 the employer contributed; active participation has grown from 177 to 199 since 2022.

Plan summary
Net assets, end of year$51,723,491
Participants with balances585
Active participants199
Employer contributions$423,583
Employee contributions$1,186,207
Employer contribution per active participant$2,129
Average account balance$88,416
Benefits paid to participants$6,668,625
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.7M · 585 accts · $424K emplr
2023$49.1M · 558 accts · $391K emplr
2022$43.2M · 604 accts · $408K emplr
Employer contributions to the Science Museum of Minnesota plan · 2024
Employer contribution per active participant$2,129
Median for plans this size$3,635
2024$2,129 per active participant
2023$2,197 per active participant
2022$2,305 per active participant

Science Museum of Minnesota's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$1,957 · 0.00%
2023$779 · 0.00%
2022$1,868 · 0.00%
Same employer
Similar plansOther Services · Minnesota
Regis Corporation MN$61.7M · 0.30%
Nexus Family Healing MN$53.9M · 0.52%
Coles Salon, Inc. MN$49.5M · 0.01%
Amherst H Wilder Foundation MN$46.7M · 0.15%
Education Minnesota MN$40.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410706172 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.